Shares of Whiting Petroleum Corp (NYSE:WLL) were up 5.5% during mid-day trading on Tuesday . The stock traded as high as $23.92 and last traded at $23.77. Approximately 2,993,335 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 4,725,347 shares. The stock had previously closed at $22.54.
Several equities analysts recently issued reports on WLL shares. Raymond James set a $52.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Morgan Stanley set a $43.00 price target on Whiting Petroleum and gave the company a “buy” rating in a report on Tuesday, January 29th. ValuEngine upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Ifs Securities reiterated an “outperform” rating on shares of Whiting Petroleum in a report on Sunday, February 3rd. Finally, Robert W. Baird set a $30.00 price target on Whiting Petroleum and gave the company a “buy” rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Whiting Petroleum currently has a consensus rating of “Buy” and an average target price of $46.86.
The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.43 and a beta of 2.94.
Whiting Petroleum (NYSE:WLL) last posted its earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The company had revenue of $389.50 million during the quarter, compared to analyst estimates of $421.43 million. During the same quarter last year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was down 24.4% compared to the same quarter last year. As a group, equities research analysts forecast that Whiting Petroleum Corp will post 1.77 EPS for the current year.
In other Whiting Petroleum news, insider Peter Hagist sold 5,000 shares of Whiting Petroleum stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.19, for a total value of $125,950.00. Following the transaction, the insider now directly owns 43,930 shares of the company’s stock, valued at approximately $1,106,596.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philip Edward Doty sold 2,500 shares of Whiting Petroleum stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the completion of the transaction, the director now directly owns 16,822 shares in the company, valued at $414,157.64. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc grew its position in Whiting Petroleum by 4.1% in the third quarter. Vanguard Group Inc now owns 9,462,009 shares of the oil and gas exploration company’s stock valued at $501,865,000 after acquiring an additional 373,404 shares during the period. Virtu Financial LLC bought a new stake in shares of Whiting Petroleum in the fourth quarter worth about $865,000. Bank of Montreal Can increased its holdings in shares of Whiting Petroleum by 10.7% in the fourth quarter. Bank of Montreal Can now owns 50,688 shares of the oil and gas exploration company’s stock worth $1,151,000 after acquiring an additional 4,897 shares in the last quarter. NuWave Investment Management LLC increased its holdings in shares of Whiting Petroleum by 217.9% in the fourth quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 915 shares in the last quarter. Finally, James Investment Research Inc. increased its holdings in shares of Whiting Petroleum by 2,322.8% in the fourth quarter. James Investment Research Inc. now owns 45,621 shares of the oil and gas exploration company’s stock worth $1,035,000 after acquiring an additional 43,738 shares in the last quarter. 97.49% of the stock is currently owned by institutional investors.
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About Whiting Petroleum (NYSE:WLL)
Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.
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